The signal of the economic activity degradation and even in some cases, of a recession, as in Germany, and of the slowing of inflation, have not dissuaded the Central Banks, apart from China, from going on with increasing their rates or with announcing future increases. The chairman of the Federal Reserve in Washington has not proceeded to an eleventh rise in June but he gave to understand that other increases will occur before the year end. The European Central Bank, to the opposite, has proceeded July 15th to an eighth increase of 25 basis points and its chairman, Christine ...